Photo: NZ Herald/ FacebookBrewing giant DB has purchased popular craft beer brand Tuatara for an undisclosed sum. Tuatara founder and master brewer Carl Vasta said he "continues to be passionate about the New Zealand craft beer industry and is committed to being part of Tuatara and its future growth." Andy Routley, managing director of DB Breweries said "Craft beer is an exciting segment of the Kiwi beer market and Tuatara is the champion of Kiwi craft breweries." Craft beer has been rapidly growing as a segment of the alcoholic beverage market even as total beer consumption falls. Tuatara and Panhead are two of the most established and popular craft beer brands in the country although numerous independent breweries remain on the scene.

Source: Otago Daily Times January 30, 2017 22:29 UTC